– USA, IL – QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of Libby Jacobs, President of The Jacobs Group, LLC, a Des Moines-based consulting firm specializing in the energy and regulated utilities industries, to its Board as a new independent director effective on May 20, 2020.
Three of the directors, James Field, Timothy O’Reilly and Marie Ziegler, were re-elected to three-year terms.
“Libby is a proven leader with a diverse business, community relations and public policy background, and she brings a wealth of knowledge and perspective to our board,” said Larry Helling, CEO. “In addition to founding and running her own consultancy, we have great confidence that her counsel and expertise will prove tremendous assets for QCR Holdings.”
About Libby Jacobs
Ms. Jacobs currently serves on the board of Community State Bank, a wholly-owned QCR Holding subsidiary based in Ankeny, Iowa that serves the Ankeny and Des Moines markets. She formerly served on the Iowa Utilities Board, including four years as Chair. Previously, she had a 20-year career with the Principal Financial Group, serving as Community Relations Director for the last 14 years with the company. In addition, Ms. Jacobs served seven terms in the Iowa House of Representatives and was elected by her peers to serve seven years as Majority Whip. She also currently is Chair of the Mid-Iowa Health Foundation Board of Directors and serves on the Board of Directors of Goodwill Industries of Central Iowa and Taxpayers Association of Central Iowa.
About QCR Holdings, Inc.
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its wholly-owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, and Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company engages in commercial leasing through its wholly-owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin, and also provides correspondent banking services. The Company has 25 locations in Illinois, Iowa, Wisconsin and Missouri. As of March 31, 2020, the Company had approximately $5.2 billion in assets, $3.7 billion in loans and $4.2 billion in deposits.
For more information: http://www.qcrh.com
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